Keybot the Quant remains long. The NYA dropped under the 40-week MA at the open empowering the bears but a few minutes ago the bulls pushed price back above this critical moving average. After four minutes, the NYA failed again. Watch the NYA 40-week MA at 7668, price is now printing 7652 only 16 points away. XLF is at 14.34; the 14.43 level will usher in a new bullish leg higher. Bears need to weaken the NYA immediately, otherwise, the bulls will continue the market buoyancy moving forward. Note that the markets remain a bull-bear struggle with the algo number only seven points away from the signal line.
6/24/12; 7:00 PM EST =
6/19/12; 9:00 AM EST =
6/18/12; 9:30 AM EST = -14 signal line -21
6/17/12; 7:00 PM EST = +0 signal line -21
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